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Compliance Program: Difference between revisions
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Sponsored Programs Accounting is responsible for the post-award administration of grants and contracts. After an award is received, Sponsored Programs Accounting sets up the WBS account and inputs the budget. All cash collections related to grants, contracts, donations, wills or trusts are recorded by Sponsored Programs Accounting. The department reviews the reasonableness and appropriateness of expenditures for sponsored program activities and approves Cost Transfer Forms. The Personnel Activity Reporting for federal programs is administered by Sponsored Programs Accounting and involves the set up of cost sharing cost centers for tracking cost sharing on grants. Other responsibilities include: preparing financial reports for sponsoring agencies, reporting for annual financial audit under Generally Accepted Accounting Principles, compliance and reporting for the annual A-133 audit, and sub-recipient review of subcontractors. | Sponsored Programs Accounting is responsible for the post-award administration of grants and contracts. After an award is received, Sponsored Programs Accounting sets up the WBS account and inputs the budget. All cash collections related to grants, contracts, donations, wills or trusts are recorded by Sponsored Programs Accounting. The department reviews the reasonableness and appropriateness of expenditures for sponsored program activities and approves Cost Transfer Forms. The Personnel Activity Reporting for federal programs is administered by Sponsored Programs Accounting and involves the set up of cost sharing cost centers for tracking cost sharing on grants. Other responsibilities include: preparing financial reports for sponsoring agencies, reporting for annual financial audit under Generally Accepted Accounting Principles, compliance and reporting for the annual A-133 audit, and sub-recipient review of subcontractors. | ||
====[http://info.unmc.edu/fincompliance.htm Financial Compliance and Cost Analysis]==== | ====[http://info.unmc.edu/fincompliance.htm Financial Compliance and Cost Analysis]==== | ||
Financial Compliance and Cost Analysis | Financial Compliance and Cost Analysis (FCC) '''monitors compliance with campus cost accounting standards (CAS)''' found in OMB Circular A-21.<br /> | ||
FCC is responsible for minimizing UNMC’s risk of non-compliance of the Federal government’s Cost Accounting Standards regarding sponsored programs. The areas that the Standards encompass include: direct costs, facilities and administrative (F&A) costs, effort reporting, cost sharing, cost transfers and service centers. <br /> | |||
FCC minimizes risks by creating policies and procedures, educating the campus to these policies and procedures, monitoring for compliance and taking corrective action when instances of noncompliance are discovered. <br /> | |||
Ensures that the following proposals and reports are submitted to the Division of Cost Allocation, per OMB A-21, including: | |||
*Filing the Federal F&A rate proposal and completing required negotiations of the F&A rates. | |||
*Filing the required yearly negotiated fringe benefit rate proposal. | |||
*Monitoring and revising UNMC’s Disclosure Statement (DS-2) as required by the Cost Accounting Standards Board of OMB A-21. | |||
*Reviewing service center rates (includes Core Labs) in compliance with OMB A-21, OMB A-133 and UNMC’s policy. | |||
Assists National Strategic Research Institute (a University Affiliated Research Center, under DoD) with compliance on costing issues and requirements of DoD contracts based on OMB A-21, Federal Acquisition Regulations, and Defense Federal Acquisition Regulations. | |||
====Conflict of Interest==== | ====Conflict of Interest==== | ||
Conflicts of interest may arise when an individual’s duty to UNMC conflicts with his/her own personal interests or when the financial interests of UNMC conflict with its responsibility to make prudent business decisions.<br /> | Conflicts of interest may arise when an individual’s duty to UNMC conflicts with his/her own personal interests or when the financial interests of UNMC conflict with its responsibility to make prudent business decisions.<br /> | ||